What is Social Security?

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Social security is primarily a social insurance program providing social protection, or protection against socially recognized conditions, including poverty, old age, disability, unemployment and others.

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Asked 10/21/2010 5:11:39 PM

Updated 1/20/2014 1:16:44 PM

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What is the basis for the concept of risk pooling? A. statistical variation. B. the law of averages. C. the laws of probability. D. the law of large numbers

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The law of large numbers is the basis for concept of risk pooling.

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